ICICI Direct, The Euro slid the most on Friday after European banking concerns diminished the bullish bets on the Euro.
Sell EURINR; target of : 88.30 : ICICI Direct
Sell USDINR; target of : 82.40 : ICICI Direct
ICICI Direct, The US dollar index fell almost 0.57% on Monday to its lowest level in a month amid boost in dollar funding by Fed and other central banks.
Rupee weakens as bank contagion fears drag risk assets
The rupee closed at 82.6350 per dollar, compared with its previous close of 82.5525.
Sell USDINR; target of : 82.44 : ICICI Direct
ICICI Direct, The US dollar index fell more than 0.50% on Friday as University of Michiganâs March US inflation expectations index declined below 4% for the first time since May 2021 to 3.8%.
US Banking Crisis: As risk aversion sets in, rupee may trade in 82-83 range in near term, say experts
So far this year, the rupee has depreciated 8.08 percent against the dollar. It is the second worst-performing currency in Asia against the dollar after the yen, which is down 8.5 percent
USDINR is expected to trade higher: Way2Wealth
According to Way2Wealth, USDINR pair was consolidating near key levels since last few trading sessions. USDINR pair recorded the high of 82.87 and low of 82.65 to settle on a flat note on Thursday.
India central bank may let rupee weaken past 83 per dollar amid global banking turmoil, analysts say
The rupee declined to 82.80 to the U.S. dollar on Thursday, its lowest in about two weeks.
Oil off the boil? Slipping crude prices brighten outlook for India amid global turmoil
Financial sector tensions have dealt a blow to oil demand outlook, but India finds herself in a macroeconomic sweet spot.
Rupee falls 12 paise to 82.77 against US dollar
Traders said positive sentiments in the domestic equity market and weaker dollar, however, resisted the decline in the Indian currency.
Buy EURINR; target of : 88.60 : ICICI Direct
ICICI Direct, The Euro continued to trade above the key psychological level of 1.07 as recovery in global equities helped it to trade on a firmer note.